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NEWS |
Aker BP and Pandion Submit Plan for $600MM Hod Project
Aker BP and Pandion Energy have submitted the plan for development and operation (PDO) to Norway’s Ministry of Petroleum and Energy for the Hod field in the Norwegian sector of the North Sea, Aker BP (...)
NEWS |
Norway's Hod oilfield revamp to cost $596 million, Aker BP says
Aker BP will invest an estimated 5.7 billion crowns ($596 million) to redevelop the Hod oilfield in the North Sea, with output to resume in the first quarter of 2022, the Oslo-listed company said on W (...)
NEWS |
Drilling permit for wells 6607/12-4 and 6607/12-4 A in production licence 127 C
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wells 6607/12-4 and 6607/12-4 A cf. Section 15 of the Resource Management Regulations.
NEWS |
Oil continues gains on prolonged OPEC+ enthusiasm - Rystad Energy comments
It’s clear, there is enthusiasm in the market that oil supply is still under control. A positive OPEC+ meeting does that and yesterday’s session helped renew confidence that members will further cut p (...)
NEWS |
US NGL output set to fall by 20% by end-2021 from March’s all-time high, but Permian will hold up
The US output of natural gas liquids (NGL), which reached an all-time high of 5.3 million barrels per day (bpd) as recently as March 2020, is poised for a steep two-year decline, Rystad Energy’s base (...)
NEWS |
Aker BP ponders offshore wind for new oil & gas development in Norway
Norway-based oil exploration and development company Aker BP ASA will be considering using offshore wind power for its new oil and gas development off the Norwegian shore.
NEWS |
BP to write off up to £13.9 billion after reduced oil price forecast
BP will incur an up to $17.5 billion (£13.9 billion) writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from f (...)
NEWS |
Equinor and Aker BP agree on way forward for Krafla, Fulla and North of Alvheim
The parties have entered into an agreement on commercial terms for a coordinated development of the licenses Krafla, Fulla and North of Alvheim (NOA) on the Norwegian Continental Shelf.
NEWS |
Aker BP orders Hod platform from Kvaerner
Norwegian oil and gas company Aker BP has awarded Kvaerner a contract for delivering the topside and steel substructure for the unmanned wellhead platform at the Hod field off Norway.
NEWS |
BP job losses underline need to deliver fair transition to net zero
BP job losses underline need to deliver fair transition to net zero
NEWS |
BP to cut 10,000 jobs as Covid-19 spurs energy transition plans
Oil major BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition, which were accelerated due to the corona (...)
NEWS |
Premier Oil and BP revise terms for UK North Sea transaction
Premier Oil and BP have revised the consideration of their previously announced transaction pertaining to certain UK North Sea’s assets of the latter to $210m followed by $115m in target-based payment (...)
NEWS |
OGV Energy Week 23 oil, gas and energy review
United Oil & Gas PLC was a strong performer this week after the group revealed on Wednesday the latest successful well result at the Abu Sennan concession in Egypt.
NEWS |
Premier Oil on the up after agreeing revised terms for BP North Sea purchases
Premier Oil PLC surged 12% higher to 35.77p in early trade on Friday after it agreed on revised payment terms for its North Sea acquisitions from BP PLC....
NEWS |
OPEC+ achieves 86% May compliance rate with the output cuts of 9.7 million bpd
According to the Energy Intelligence estimates, the OPEC and its allies (OPEC+) achieved an 86% May compliance rate with the oil output cuts of 9.7 million barrels per day that it agreed for both May (...)
NEWS |
BP America taps David Lawler as new chief
David C. Lawler is adding to his titles at BP America.
NEWS |
Aker BP contracts remotely operated controls system
Optime Subsea has announced that Aker BP will be the first user of technology it has developed that removes umbilical controlled tubing hanger operations, increasing safety and reducing operational ti (...)
NEWS |
Aker BP gains consent to use Maersk Invincible rig on Valhall field
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform off Norway using the Maersk Invincible drill (...)
NEWS |
BP Names David Lawler as New Head of BP America
BP Plc said May 28 it tapped David C. Lawler to serve as the next chief of BP America Inc., where he is expected to lead the British oil major’s efforts in the U.S. to become net-zero by 2050.
NEWS |
Total sets net zero target
Total has become the latest oil major, along with BP, Shell, and Repsol, to pledge to reach net zero emissions in its operations worldwide by 2050.
NEWS |
US oil output set to bottom out in June, will not recover to pre-Covid-19 levels in 2021
US oil production, which has steeply declined as low prices forced shut-ins, will reach a bottom of around 10.7 million barrels per day (bpd) in June, a two-year low, Rystad Energy estimates, before i (...)
NEWS |
Glasgow-born oil executive to lead BP's North Sea business
BP has appointed a Glasgow-born veteran of the oil and gas industry to run its North Sea business as it grapples with the plunge in commodity prices triggered by the coronavirus.
NEWS |
BP slashes management team in half amid green energy push
BP is cutting the size of its top management team by more than half as part of new boss Bernard Looney’s plan to make the oil giant a net zero emissions company.
NEWS |
Price Drop Triggers Haggling Over Oil and Gas Deals
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers havi (...)
NEWS |
Worley bags two frameworks with BP
Oil major BP and Worley have entered into two global framework agreements, one for conceptual engineering and the other for early engineering and front‐end engineering design (FEED) services.
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